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Deals & Dealmakers

Asset managers lease 14,000 s/f at One Grand Central

 Marketfield Asset Management LLC has leased 14,011 s/f for its new headquarters at One Grand Central Place.

One Grand Central Place
One Grand Central Place

The lease at the property, also known as 60 East 42nd Street, was jointly announced by EVO Real Estate Group, which represented the tenant, and landlord Empire State Realty Trust, Inc.

“One Grand Central Place provides a first-class environment and outstanding location befitting Marketfield’s status in its industry,” said Robert Frischman, Executive Vice President of EVO.  “When this tower floor became available, with a beautiful installation already in place, we jumped at the opportunity.”

The asking rent for the space Marketfield leased was in the mid-$70s per square foot.

“One Grand Central Place is in high demand among top-tier tenants, like Marketfield, because of its convenient location and exceptional on-site amenities and services,” said Thomas P. Durels, ESRT’s Executive Vice President and Director of Leasing and Operations.

Landlord representation was provided by Ryan O. Kass and Fred C. Posniak of Empire State Realty Trust, along with William Cohen, Jonathan Tootell and Julie Christiano of Newmark Grubb Knight Frank.

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